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Updated about 9 years ago on . Most recent reply

Give me your two cents...
Hi All,
What do you think about this deal...
3 bedroom 1 bath townhouse (no hoa) has been renovated, but poor workmanship.
Taxes 3,350
Ins 1200 (guess)
Rent 1100-1350 (most likely section 8)
60k purchase
5k rehab (simple cosmetic to attract better tenants)
Cash purchase, cash out loan after.
I expect the property to appraise for 80k
Let me know your thoughts